| |
| |
Preface | |
| |
| |
| |
Some Institutional Background | |
| |
| |
International Financial Markets | |
| |
| |
National Accounting Relations | |
| |
| |
The Central Bank's Balance Sheet | |
| |
| |
| |
Some Useful Time-Series Methods | |
| |
| |
Unrestricted Vector Autoregressions | |
| |
| |
The Generalized Method of Moments | |
| |
| |
The Simulated Method of Moments | |
| |
| |
Unit Roots | |
| |
| |
Panel Unit-Root Tests | |
| |
| |
Cointegration | |
| |
| |
Filtering | |
| |
| |
| |
The Monetary Model | |
| |
| |
Purchasing-Power Parity | |
| |
| |
The Monetary Model of the Balance of Payments | |
| |
| |
The Monetary Model under Flexible Exchange Rates | |
| |
| |
Fundamentals and Exchange Rate Volatility | |
| |
| |
Testing Monetary Model Predictions | |
| |
| |
Problems | |
| |
| |
| |
The Lucas Model | |
| |
| |
The Barter Economy | |
| |
| |
The One-Money Monetary Economy | |
| |
| |
The Two-Money Monetary Economy | |
| |
| |
An Introduction to the Calibration Method | |
| |
| |
Calibrating the Lucas Model | |
| |
| |
Appendix: Markov Chains | |
| |
| |
Problems | |
| |
| |
| |
International Real Business Cycles | |
| |
| |
Calibrating the One-Sector Growth Model | |
| |
| |
Calibrating a Two-Country Model | |
| |
| |
| |
Foreign Exchange Market Efficiency | |
| |
| |
Deviations from UIP | |
| |
| |
Rational Risk Premia | |
| |
| |
Testing Euler Equations | |
| |
| |
Apparent Violations of Rationality | |
| |
| |
The "Peso Problem" | |
| |
| |
Noise Traders | |
| |
| |
Problems | |
| |
| |
| |
The Real Exchange Rate | |
| |
| |
Some Preliminary Issues | |
| |
| |
Deviations from the "Law-of-One-Price" | |
| |
| |
Long-Run Determinants of the Real Exchange Rate | |
| |
| |
Long-Run Analyses of Real Exchange Rates | |
| |
| |
Problem | |
| |
| |
| |
The Mundell -Fleming Model | |
| |
| |
A Static Mundell -Fleming Model | |
| |
| |
Dornbusch's Dynamic Mundell -Fleming Model | |
| |
| |
A Stochastic Mundell -Fleming Model | |
| |
| |
VAR Analysis of Mundell -Fleming | |
| |
| |
Appendix: Solving the Dornbusch Model | |
| |
| |
Problems | |
| |
| |
| |
The New International Macroeconomics:The Redux Model | |
| |
| |
Pricing to market | |
| |
| |
Problems | |
| |
| |
| |
Target-Zone Models:Fundamentals of Stochastic Calculus | |
| |
| |
The Continuous-Time Monetary Model | |
| |
| |
Infinitesimal Marginal Intervention | |
| |
| |
Discrete Intervention | |
| |
| |
Eventual Collapse | |
| |
| |
Imperfect Target-Zone Credibility | |
| |
| |
| |
Balance-of-Payments Crises:A First-Generation Model | |
| |
| |
A Second-Generation Model | |
| |
| |
Bibliography | |
| |
| |
Author Index | |
| |
| |
Subject Index | |